GOSI subscribers increase by 30% in 2013

Updated 29 July 2014
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GOSI subscribers increase by 30% in 2013

The General Organization for Social Insurance (GOSI) recorded a 30-percent increase in the number of subscribers in 2013.
Most of the 9.1 million members come from the private sector, according to an annual GOSI statistical report.
More than 295,000 people receive pensions worth an estimated SR1.1 billion per month, suggesting that a higher cumulative value has been dished out, said Sulaiman Gwaiz, GOSI governor and vice chairman.
“GOSI’s investment portfolio rose to more than SR114 billion across 86 companies,” he said.
“GOSI also focused on real estate investments, acquiring or investing in 15 buildings worth SR4 billion, in addition to several other buildings under construction.”


King Salman receives outgoing Brazilian Ambassador to Saudi Arabia

King Salman receives outgoing Brazilian Ambassador to Saudi Arabia Flavio Marega in Riyadh on Wednesday. SPA
Updated 24 January 2019
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King Salman receives outgoing Brazilian Ambassador to Saudi Arabia

  • The reception at the Yamamah Palace in Riyadh was attended by Minister of State for Foreign Affairs Adel Al-Jubeir

King Salman received on Wednesday outgoing Brazilian Ambassador to Saudi Arabia Flavio Marega. 

The ambassador paid farewell to the king on the occasion of the end of his term as an ambassador of his country to the Kingdom.

The reception at the Yamamah Palace in Riyadh was attended by Minister of State for Foreign Affairs Adel Al-Jubeir.

Later, King Salman received senior officials of the Ministry of Commerce and Investment, presidents of chambers of commerce, and a number of businessmen.

During the reception, the king stressed the important role of the private sector in achieving development goals in the Kingdom and raising the level of provided services.

The audience was attended by Minister of Commerce and Investment Dr. Majid bin Abdullah Al-Qassabi and Governor of Saudi Standards, Metrology and Quality Organization Saad bin Othman Al-Qasabi.